A new report, commissioned by REYL Intesa Sanpaolo, the Swiss banking group 
majority-owned by Fideuram – Intesa Sanpaolo Private Banking, calls attention 
to the challenge of educating the next generation in a digital world and lays 
down the groundwork for the solutions. 

The report [ https://www.reyl.com/forward/ ] explores how the world of global 
education has evolved from the pre-pandemic environment before the rapid shift 
to e-learning, analysing radical changes that are long overdue in the sector, 
as well as the disproportionate impact that COVID-19 has had on those in poorer 
communities.

Estimates from a joint report by the World Bank-UNESCO-UNICEF found that more 
than two years into the pandemic, fewer than half of countries are implementing 
learning recovery strategies at scale to help children catch-up, despite 2 
trillion hours of in-person school having been lost globally due to school 
closures since March 2020.

FORWARD analyses how the pandemic has taken the role of catalyst, crystalising 
a communications and content delivery revolution in education, which had been 
in the making for decades. It notes that the traditional classroom has been 
irrevocably changed, with technology being used to translate and re-translate 
languages, and education being delayed and distributed at the student's 
convenience.

Yet despite the fact that education can increasingly be accessed anytime, 
anywhere by the few; the report warns that advantages as a result of 
technological advancements could still remain inaccessible to many.  

As part of the research, REYL also spoke to leading industry figures and 
academics within the field of education to delve deeper into the possible 
solutions to the potential education crisis facing a generation of learners.  
Andreas Schleicher, Director for Education and Skills, and Special Advisor on 
Education Policy to the Secretary-General at the Organisation for Economic 
Cooperation and Development (OECD), told REYL Intesa Sanpaolo that it is not 
about building back better. "It's about building forward differently. It's 
about finding out how could learning look differently in the technological 
world."

Professor Jill Jameson, Professor of Education and Director of the Centre for 
Leadership & Enterprise in the Faculty of Education at the University of 
Greenwich, echoed this sentiment, noting: "We need a complete transformation of 
the entire education system." 

François Reyl, CEO of REYL Intesa Sanpaolo, says: "The pandemic forced us all 
to accelerate a transition towards utilising technology more than ever before 
and education was no exception. This report seeks to examine and evaluate the 
challenges that these advancements provided to better understand how we can 
mitigate the impact of lost learning hours as well as prepare our children for 
the future."

Jerome Koechlin, Head of Communications at REYL Intesa Sanpaolo, adds: "REYL 
Intesa Sanpaolo recognises the importance of the use of digital technologies in 
education as a key strategic priority to fuel sustainable development and 
equality of access in education in Europe and worldwide. We hope that this 
report will bring further attention to the need to do more to help the next 
generation thrive."

About the REYL Group
www.reyl.com
Founded in 1973, the REYL Group is a diversified and entrepreneurial banking 
group with offices in Switzerland (Geneva, Zurich, Lugano), Europe (London, 
Luxembourg, Malta) and the rest of the world (Singapore, Dubai). The REYL Group 
manages assets in excess of CHF 25 billion and employs over 400 professionals. 
In 2020, the REYL Group entered into a strategic partnership with Fideuram - 
Intesa Sanpaolo, a leading European banking player.

Developing an innovative approach to banking, the Group serves a clientele of 
international entrepreneurs and institutional investors through its Wealth 
Management, Entrepreneur & Family Office Services, Corporate Finance, Asset 
Services and Asset Management business lines.

REYL & Cie Ltd is licensed as a bank in Switzerland and performs its activities 
under the direct control of the independent Swiss Financial Market regulator 
(FINMA) and the Swiss National Bank (SNB). The REYL Group's subsidiaries are 
also regulated by the LPCC in Switzerland, the FCA in the UK, the CSSF in 
Luxembourg, the MFSA in Malta, the MAS in Singapore, the DFSA in Dubai and the 
SEC in the United States.

About FORWARD
www.reyl.com/forward  
FORWARD is a new platform, conceptualised by REYL Intesa Sanpaolo, which seeks 
to foster insight and dialogue on some of the key socio-economic issues of the 
day. The platform incorporates academic research, video and podcasts with 
renowned and leading international figures.

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Source: REYL Intesa Sanpaolo